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Toyota sets Nurburgring record... for fuel economy

WHATEVER else you might say about Toyota, it seems the brand has a sense of humour. Driving enthusiasts will hand their (petrol)heads in shame after Toyota completed the 12.9-mile German track at an average of 698mpg. The embarrassingly pedestrian time of 20 minutes and 59 seconds was set by motor journalist and Japanese car expert Joe Clifford, and since Toyota is the first to shame itself with a fuel economy run at the heart of performance car testing, it automatically sets a new efficiency record.

Driving Toyota's Pro/Celebrity Scion FR-S race cars

At the Streets of Willow Springs, there's a back straightaway that crests over a downhill and into a series of sudden, unsettling left turns. It's one of the most dramatic parts of the track, one that always trips up timid run groups. And as it turns out, heading blindly at 90 miles per hour, skimming the cones of the artificial chicane normally designed to slow lesser drivers who aren't Formula Drift prodigy Ken Gushi, will really put the fear of mortality into anyone who's signed up to ride shotgun -- especially when the car is the brand-new Scion FR-S race car for Toyota's Pro/Celebrity Race Series, here on its first outing.

Chrysler posts $370 million net loss on costs tied to repaid loans

Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.